Geoff Ralston has announced the launch of a new venture capital fund named the Safe Artificial Intelligence Fund (SAIF), aimed at supporting startups dedicated to enhancing AI safety, security, and responsible use. With a funding strategy involving $100,000 investments and a $10 million fund cap, Ralston plans to focus on ventures that tackle various aspects of AI safety, from decision-making transparency to compliance with legal requirements. He distinguishes his fund’s focus on safer AI solutions, avoiding funding for potentially dangerous applications like autonomous weapons.
Ralston is specifically looking for startups that "enhance AI safety, security, and responsible deployment," and plans to write $100,000 checks with a $10 million cap.
"I intend to fund startups whose primary objective is safe AI - as I have (very broadly) defined it," Ralston tells TechCrunch.
He wants to invest in functional AI tools with built in safety in mind, such as better AI forecasting tools and AI-enabled business negotiation tools.
Ralston says one example of something he wouldn't back: fully autonomous weapons, highlighting his clear focus on responsible AI applications.
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